In the dynamic landscape of the TON ecosystem, it is crucial for us to adapt and reaffirm our commitment to our community and token holders. As we navigate recent challenges, including significant events that have impacted the ecosystem, we recognize the urgent need for proactive measures that enhance transparency, build trust, and demonstrate resilience.
This proposal outlines a strategic initiative to reduce the supply of $UP tokens, empowering our community to actively participate in shaping the future of TonUP. Together, we can fortify our foundation and cultivate a sustainable and prosperous environment for all stakeholders.
TonUP Tokenomics
The total supply of $UP tokens is capped at 100,000,000. This fixed supply is designed to ensure a balanced economy within our ecosystem.
The distribution of $UP tokens will occur across various channels as follows:
- IDO: 1% (1,000,000 tokens)
- Initial Exchange Offering (IEO): 1.5% (1,500,000 tokens)
- Strategic Round: 10% (10,000,000 tokens)
- Private Round: 10% (10,000,000 tokens)
- DAO: 30% (30,000,000 tokens)
- Ecosystem: 4% (4,000,000 tokens)
- Team: 10% (10,000,000 tokens) - Already Burned
- Advisor: 3% (3,000,000 tokens) - Already Burned
- Incentive: 15% (15,000,000 tokens)
- Liquidity: 5% (5,000,000 tokens)
- Marketing: 10.5% (10,500,000 tokens)
Proposal Overview
In light of recent events, including the arrest of Durov, various communities within the TON ecosystem have demonstrated remarkable resilience. The TON Society has initiated a joint signature campaign, and many communities have expressed their support for freedom in diverse ways. We believe that our community can also take meaningful action.
TonUP DAO has always been a cornerstone of our roadmap, aiming to achieve decentralized governance. This proposal initiates a vote designed to enhance certainty and alignment within the TonUP community and among our token holders. We recognize the importance of addressing concerns related to token supply and utility, and we believe this initiative will strengthen confidence in TonUP’s future.
Key Objectives
- Demonstrate Commitment to TON: Showcase our unwavering support for the TON ecosystem.
- Enhance Transparency: Establish a clear and accountable token distribution framework.
- Empower the Community: Enable community members to influence significant decisions and positively impact the TON ecosystem.
Proposed Action
We recommend implementing a 30% reduction in the total supply of TonUP tokens, corresponding to 30,000,000 $UP tokens allocated from the TonUP DAO. A 3-day vote will be conducted on this proposed burn.
Visit the TonUP DAO Page and vote for your voice: TONUP
We are entrusting the community with the decision to proceed with this action. Voting will last for 3 days, and participants will use $UP tokens to cast their votes. Users can stake their $UP tokens to contribute their vote and have the option to withdraw their votes at any time. At the end of the voting period, we will take a snapshot of the votes to determine the final outcome.
This action not only reflects our commitment to enhancing the value and scarcity of $UP tokens but also exemplifies resilience in the face of challenges. By reducing the total supply, we aim to establish a sustainable and deflationary model that benefits all holders, reinforcing our dedication to the long-term success of the TonUP ecosystem.
Conclusion
This proposal marks the first step in a series of initiatives aimed at fostering greater certainty, alignment, and transparency for all $UP holders. With your support, we can move forward together, ensuring a bright future for TonUP.
Thank you for your engagement and dedication.
